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Deshaun Watson Industries operates a chain of retail stores. All sales are for cash only. At the end of the business day cash receipts were

Deshaun Watson Industries operates a chain of retail stores. All sales are for cash only. At the end of the business day cash receipts were counted and amounted to $43,400. The cash register data reported recorded sales amounting to $43,275. Watson Industries uses a periodic inventory system. The journal entry to record the cash received and sales would include

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